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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 27, 2020
Tuesday, October 27, 2020 | 09:07am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on October 26, 2020.
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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE SEPTEMBER 22, 2020
Tuesday, September 22, 2020 | 09:12am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on September 21, 2020.
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